Read More

And it may not be a surprise to parents in Glasgow that Scotland's top performing Jordanhill School comes with a house price premium of £3,521 (2%) - although that's far less than school catchments in other cities.

However, prices near eight of the top 20 performing state schools - including Williamwood High in East Renfrewshire - are lower than the average cost in the surrounding area.

St Luke's High School in East Renfrewshire comes with the biggest discount of £100,291 (40%), followed by St Ninian's High School and Lenzie Academy, both in East Dunbartonshire, with a discount of £55,369 (24%).

Graham Blair, mortgages director at Bank of Scotland, said: "When buying a home, parents understandably want their children to be close to a top performing school. In areas such as Edinburgh and Aberdeen, the price tag for a house close to the best state schools is unsurprisingly large.

Read More

"However, in other areas, particularly East Renfrewshire, this doesn't appear to be the case with three of the top five schools being reasonably affordable, or even cheaper than houses in the surrounding area."

The second best performing school in the country, St Ninian's High, comes with a premium of £16,659 (7%), third placed Mearns Castle High comes with a slightly higher premium of £36,291 (15%) while fourth placed Williamwood High comes with a discount of £14,091 (6%).

All three schools are located in East Renfrewshire.

The Bank of Scotland research found the average cost of a house near one of the 20 top performing state schools is £231,476.

Read More

Analysis showed that house buyers are paying a premium of £41,441 (22%) when compared to houses in surrounding areas where the average price is £190,035.

The research suggests that living near a top performing state school could be a shrewd investment based on house price performances over the last five years.

Parents who bought a home near one of the top 20 schools in 2012 have seen an average house price rise of £45,493 (from £185,983 in 2012 to £231,476 in 2017) - an increase of 24%.

The biggest increases in prices in the top 20 have been in East Dunbartonshire, where the average price of a house in the catchments for Bearsden Academy and Boclair Academy has risen by 37% over the last five years, from £219,097 in 2012 to £299,577 in 2017.